Prosecutors say the law firm Mossack Fonseca, which shut down earlier this year, conspired to circumvent U.S. tax laws to maintain their own wealth and that of their clients.
Russian President Vladimir Putin has denied having any links to offshore accounts and described the Panama Papers document-leaks scandal as part of Western attempts to undermine Moscow.
The massive data leak from the Panamanian law firm Mossack Fonseca indicated that Azerbaijani President Ilham Aliyev's wife and daughters have been secret shareholders in offshore companies with a multimillion-dollar property portfolio. The news has barely made a ripple on the streets of Baku.
Ukrainian President Petro Poroshenko has defended himself in the massive leak of records on offshore accounts that has named political officials, businesspeople, and celebrities from around the world.
One of the co-founders of the Panama-based law firm at the center of the massive document leak known as the Panama Papers has said the company was hacked from abroad.
The son of a close associate of Vladimir Yakunin, the former president of Russian Railways, allegedly heads a business empire built on state railroad contracts valued in the hundreds of millions of rubles.
Pakistani Prime Minister Nawaz Sharif has announced he will set up an independent judicial commission to probe whether his family is involved in illegal overseas investments after reports based on leaked documents indicated his sons owned offshore companies.
Former Moldovan Prime Minister Ion Sturza has denied any wrongdoing connected with his shares in two offshore companies in the British Virgin Islands.
Pakistan has denied any wrongdoing by the family of Prime Minister Nawaz Sharif after it was linked to offshore wealth holdings in the massive Panama Papers scandal.
Russian TV stations have shrugged off the so-called Panama Papers, which appear to implicate President Vladimir Putin's circle and other world leaders in offshore scams.
World leaders have scrambled to react to the leak of a trove of documents linking many of them to secretive offshore companies that enabled vast sums of money to move around the world hidden from law enforcement and regulators.
A massive data leak suggests the presidents of Russia, Ukraine, and Azerbaijan are engaged in shadowy operations to hide wealth abroad, even as they openly condemn the removal of wealth from their countries.
Load more
